Beverages

Company Overview of LT Group, Inc.

Company Overview

LT Group, Inc. is engaged in banking, beverages, tobacco, and property development businesses in the Philippines and internationally. Its Banking segment provides a range of banking and other financial services to corporate, middle-market, small medium enterprises, and retail customers, as well as national government, local government units, and government-owned and controlled corporations and various government agencies. This segment offers deposits, loans, bills discounting, foreign exchange dealing, investment banking, fund transfers or remittance servicing, and retail banking and trust services. It serves customers through head office and 656 branches/offices in Philippines, and 80 branc...

LT Group, Inc. is engaged in banking, beverages, tobacco, and property development businesses in the Philippines and internationally. Its Banking segment provides a range of banking and other financial services to corporate, middle-market, small medium enterprises, and retail customers, as well as national government, local government units, and government-owned and controlled corporations and various government agencies. This segment offers deposits, loans, bills discounting, foreign exchange dealing, investment banking, fund transfers or remittance servicing, and retail banking and trust services. It serves customers through head office and 656 branches/offices in Philippines, and 80 branches internationally. The company's Distilled Spirits segment is involved in manufacturing, compounding, bottling, importing, buying, and selling rum, spirit beverages, and liquor products. Its Beverage segment manufactures and sells non-alcoholic and alcoholic beverages, such as energy drinks, beer, alcopop, bottled water, soymilk, carbonated soft drinks, ready-to-drink ice tea, coconut water, and yogurt; and produces packaging materials, including glass bottles. The company's Tobacco segment manufactures and supplies cigarettes, casings, tobacco, packaging, labels, and filters. Its Property Development segment is engaged in the ownership, development, leasing, and management of residential properties, including housing projects, commercial, industrial, urban, or other real properties; and acquisition, purchase, development, and sale of subdivision lots. LT Group, Inc. sells its beverage and tobacco products through distributors. The company was formerly known as Tanduay Holdings, Inc. and changed its name to LT Group, Inc. in September 2012. The company was founded in 1854 and is headquartered in Taguig City, the Philippines. LT Group, Inc. is a subsidiary of Tangent Holdings Corporation.

Key Executives for LT Group, Inc.

LT Group, Inc. does not have any Key Executives recorded.

LT Group, Inc. Key Developments

LT Group, Inc., Board Meeting, Jan 20, 2015

Jan 21 15

LT Group, Inc., Board Meeting, Jan 20, 2015. Agenda: To consider the annual stockholder meeting on June 9, 2015; to set the record date of the stock holders; and to appoint Mr. Joseph T. Chua to the company’s executive committee.

LT Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of PHP 12,441,390,000 against PHP 11,308,426,000 a year ago. Operating loss was PHP 147,399,000 against PHP 12,510,000 a year ago. Income before income tax was PHP 1,094,371,000 against PHP 1,216,018,000 a year ago. Net income attributable to equity holders of the parent company was PHP 335,891,000 against PHP 676,183,000 a year ago.
For the nine months, the company reported revenue of PHP 37,759,113,000 against PHP 43,374,471,000 a year ago. Operating income was PHP 1,277,030,000 against PHP 8,417,507,000 a year ago. Income before income tax was PHP 5,337,763,000 against PHP 12,596,989,000 a year ago. Net income attributable to equity holders of the parent company was PHP 2,496,045,000 or PHP 0.23 basic and diluted per share against PHP 7,626,862,000 or PHP 0.70 basic and diluted per share a year ago. Net cash used in operating activities was PHP 21,166,393,000 against net cash from operating activities of PHP 27,013,531,000 a year ago. Acquisition of property, plant and equipment was PHP 1,891,947,000 against PHP 1,459,851,000 a year ago. The decline in consolidated net income was mainly due to the tobacco and banking segments operating results. Consolidated revenues were 13% decrease from the same period a year ago, mainly on account of lower bank trading gains which offset higher revenues from the beverage and distilled spirits segments. Return on asset as on September 30, 2014 was 0.005%. Return on equity as on September 30, 2014 was 0.021%.

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